Questions

Q:

In perfect competition _____.

A) Products can be similar or different B) Producer can control price by controlling production
C) Demand curve is perfectly elastic D) All firms make economic profit in the long run
 
Answer & Explanation Answer: C) Demand curve is perfectly elastic

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Filed Under: Indian Economy
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Q:

Which one of the following statements in respect of the States of India is not correct?

A) States in India cannot have their own Constitutions. B) The State of Jammu and Kashmir has its own Constitution.
C) States in India do not have the right to secede from the Union of India. D) The maximum number of members in the Council of Ministers of Delhi can be 15 percent of the total number of members in the Legislative Assembly.
 
Answer & Explanation Answer: B) The State of Jammu and Kashmir has its own Constitution.

Explanation:

There shall be a Council of Ministers consisting of not more than ten per cent (a special provision for Delhi as against the 15 percent clause under 91st Amendment Act)of the total number of members in the Legislative Assembly, with the Chief Minister at the head to aid and advise the Lieutenant Governor in the exercise of his functions in relation to matters with respect to which the Legislative Assembly has power to make laws.

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Q:

Name the committee appointed in 1986 by Rajiv Gandhi on "Revitalisation of Panchayti Raj Institution for Democracy & Development".

A) Ashok Mehta Committee B) L M Singhvi Committee
C) G.V.K. Rao Committee D) Balwant Rai Mehta Committee
 
Answer & Explanation Answer: B) L M Singhvi Committee

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Q:

The bar graph shows the annual sales of the different departments of a company. Study the diagram and answer the following questions

What is the ratio of the annual sales of department B to that of department F?

A) 12:7 B) 7:12
C) 12:5 D) 5:12
 
Answer & Explanation Answer: A) 12:7

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Q:

In which language was 'Baburama', the Memoirs of Babur, composed?

A) Pashto B) Kurdish
C) Urdu D) Turkish
 
Answer & Explanation Answer: D) Turkish

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Filed Under: Indian History
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Q:

The account receivable turnover measures

A) How often, on average receivables are received and collected during the period B) How long it takes to sell accounts receivable to a factor
C) The relation of cash sales to credit sales D) How long it takes to sell merchandise inventory
 
Answer & Explanation Answer: A) How often, on average receivables are received and collected during the period

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Q:

Thar desert is in

A) Madhya Pradesh B) Rajasthan
C) Gujarat D) Uttarakhand
 
Answer & Explanation Answer: B) Rajasthan

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Filed Under: Indian Geography
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Q:

Which of the following is a feature of aerobic metabolism?

A) energy is produced more slowly than in anaerobic metabolism B) energy is observed more slowly than in anaerobic metabolism
C) energy is produced more fastly than in anaerobic metabolism D) energy is observed more fastly than in anaerobic metabolism
 
Answer & Explanation Answer: A) energy is produced more slowly than in anaerobic metabolism

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